The global market for grease cartridges is projected to have a considerable CAGR of around 5.0% during the forecast period. A grease cartridge is a metallic nipple that is used in a grease gun for injecting grease into a bearing. A grease cartridge decreases human efforts to a great extent while utilizing grease for machinery equipment, which in turn, marks a prominent end-use of the grease cartridges in the automotive sector. Due to the improved functionality of grease cartridges in a wet and humid environment, the market has been observing significant growth. The increased need for lubricating grease in the automotive and mining sector is further anticipated to support the expansion of the grease cartridges market. There has been a shift in demand from conventional fiberboard cartridges to plastic cartridges due to high raw material prices and durability concerns associated with fiberboard grease cartridges. This has significantly propelled the demand for plastic grease cartridges, especially in lubricant producers and consumers. 

Additionally, there is a huge demand for marine lubricants as they offer improved leakage protection, minor viscosity loss, better resistance to rust and greater anti-wear capabilities. This will further fuel the grease cartridges market growth. Moreover, the lack of skilled people, high-cost grease material, risk of volatilization is some of the potential restraining factors that are limiting the market growth. The stringent government regulations also expected to sluggish growth during the forecast period.

COVID-19 impact on global grease cartridges market

The Covid-19 pandemic disrupted lifestyle and business operations worldwide. Due to the delayed construction projects, owing to a temporary shutdown, grease cartridges purchase order, delivery timeline, and payments were delayed, resulting in low revenue generation for the manufacturers. Moreover, the companies relying on raw material suppliers from China faced delays, which hampered the production of new grease cartridges. Hence, the global market witnessed a decline in the overall revenue in the year 2020. The market was expected to recover in 2021 with reduced Covid-19 cases. 

Segmental Outlook  

The global grease cartridges market is segmented based on capacity, material type, and closure type. Based on capacity, the market is diversified into 3oz, 14oz, 14.1oz, and 14.5oz. Based on material type, the market is bifurcated into fiberboard and plastic. Similarly, on the basis of closure type, the grease cartridges market is sub-segmented into pull-off, flat, piston and spouted cap. Among these, the pull-off cap segment is expected to witness the fastest growth during the forecast period. The segment growth is attributed to the features provided by pull-off cap such as extrusion, low weight, low cost, handling and transportation safety that makes them highly demanding in various verticals especially logistics and shipping activities. 

Global Grease Cartridges Market Share by Material Type, 2020 (%)

Plastic Board Cartridges is Anticipated to Dominate the Grease Cartridges Market

Among material type, the plastic board cartridges are expected to remain a significant growth determinant by dominating the market during the forecast period. The shift in demand from conventional fiberboard cartridges to plastic cartridges due to high raw material prices and durability concerns associated with fiberboard grease cartridges is the main factor that is increasing the demand for plastic grease cartridges. Furthermore, plastic cartridges have a rigid structure and are climate-resistant, which considerably reduces the risk of grease leakage during shipping and logistics. Thus, these properties of the plastic cartridges make them more desirable and are expected to surge its demands more in verticals such as the mining and automotive industry, which will further be expected to drive the market growth during the forecast period.  

Regional Outlook 

Geographically, grease cartridges the market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the Asia-Pacific region is expected to be the fastest growing during the forecast period. The rising need for lubricants for the automotive industry is the major factor driving the growth of the market. The government support and ongoing projects will be expected to boost the market growth during the forecast period. Major economies in the region such as China, Japan, India, South Korea are also contributing towards the growth of the market.

Global Grease Cartridges Market Growth, by region 2021-2027

North America is Anticipated to Hold Significant Market Share in the Global Grease Cartridges Market 

Geographically, North America expected to grow at a significant CAGR during the forecast period. The regional growth is attributed to the growing automotive industry in the region. The US is the major market in the region and holds the largest position in terms of revenue and market share. The adoption of grease cartridges in the automotive industry is gaining popularity in the region, which is creating lucrative opportunities for manufacturers. The customer preference towards the adoption of plastic grease cartridges in place of fiberboard is another important factor expected to create its demand on a big level. All these factors are expected to drive market growth in the region. The presence of major market players and technological advancement also enhance the market prospects.

Market Players Outlook

The key players in the grease cartridges market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market are Long Thames Enterprise Co., Ltd, Schieferdecker GmbH Co. KG, Sonoco Products Co., Bev-Cap Pty. Ltd., Andpak Inc., Biederman, Fischbach KG, MBP Manufacture Bourguignonne de Plastique, Plastic Tooling Manufacturing Pty. Ltd., TUBI System AB, Sonoco Products Co., among others. To remain competitive in the market and to generate major revenue, these market players adopt different marketing strategies such as mergers and acquisitions, R&D, product launches, partnership collaboration, and geographical expansions so on.  

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global grease cartridges market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.